New The Merge Update Release from Ethereum: It Will Take 13 Minutes
Ethereum's official Twitter account has issued an important warning about The Merge update, which is considered one of the most important events the crypto money sector has seen.
Migration Will Be Completed in 13 Minutes
Ethereum's official Twitter account reported that the Bellatrix update will go live on September 6 in the 144896 era of Beacon Chain, triggering the release of the highly anticipated The Merge update when the expected TTD value is reached between September 10 and 20.Once the execution layer reaches the specified TTD, the Beacon Chain will generate the next block, and the transition from PoW to PoS will be complete.
Ethereum developers expect the transition period to be completed in 13 minutes.In order for the transition to be completed successfully, node operators need to maintain their position in the network and not lose it.For this, they need to run the execution and consensus clients in the latest version.Validators need to be very careful when choosing which client to run because of the risk of running multiple clients at both layers.In addition to all this, Ethereum is offering developers up to $1 million in rewards for participating in the bug notification reward program and identifying critical bugs and issues that could affect the stability and security of the network.
Ethereum's Reaction to the Markets
After the slight recovery of the crypto money markets in the last two days, the value of Ethereum increased by 12 percent.Unfortunately, such moderate rises seem to be a delay before another decline, given that there has been no change in the macro environment surrounding the markets.
Since August 14, Ethereum's value has fallen by almost 28 percent and has lost almost all of its gains since July 18.Since Ether mostly follows the biggest cryptocurrency Bitcoin and general trends in the market, the decline came as a surprise as some market experts and traders realized at a higher rate than expected.The largest altcoin, Ethereum, is trading at $ 588, up 9.51 percent in the 24 hours at the time of writing.
ETH has lost 1.80 percent and 7.49 percent of its value in the last 7 days and 30 days, respectively.
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